I was wondering because I have Usb loader on my sd card and when I try to put the conduit 2 iso on my sd card and try to format it to wbfs it was asking my to format it, I do then it says that everything in my sd card has been whipped out including my usb loader. Help please!

are you sure you know what your trying to do??? ...your post makes it sound like your changing the file system of your card to WBFS (as opposed to changing the .iso to .wbfs and placing it on a FAT/FAT32 file system)....

TBH, i don't know if launching the loader and the game both from SD is possible...(though i'm sure others can confirm either way).... but if it can be done, it's going to have to be done from a FAT, FAT32 or NTFS file system

NeoGamma is the only usb loader that actually requires wbfs partitions, all other important usb loaders support loading from FAT32. So format as FAT32 and convert to .wbfs files as advised and it should work.